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The finance minister is a cabinet position in a government
Government

Government is the body within any organization that has the authority to make and the power to enforce laws, regulations, or rules. Typically, the government refers to a civil government -- local, provincial, or national -- but commercial, academic, religious, or other formal organizations are also administered by governing bodies....
.

A minister of finance
Finance

The field of finance refers to the concepts of time, money and risk and how they are interrelated. Banks are the main facilitators of funding through the provision of credit, although private equity, mutual funds, hedge funds, and other organizations have become important....
 (also called financial affairs, the treasury, the economy, or economic affairs) has many different jobs in a government. He or she helps form the government budget
Government budget

A government budget is a legal document that is often passed by the legislature, and approved by the chief executive-or president. For example, only certain types of revenue may be imposed and collected....
, stimulate the economy
Fiscal policy

In economics, fiscal policy is the use of government spending and revenue collection to influence the economy.Fiscal policy can be contrasted with the other main type of economic policy, monetary policy, which attempts to stabilize the economy by controlling interest rates and the supply of money....
, and control finances. Finance ministers are often found in state or provincial governments if that country has a form of federalism
Federalism

Federalism is a political philosophy in which a group of members are bound together with a governing representative head. The term federalism is also used to describe a system of the government in which sovereignty is constitutionally divided between a central governing authority and constituent political units ....
.

The powers of a finance minister vary between governments.






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The finance minister is a cabinet position in a government
Government

Government is the body within any organization that has the authority to make and the power to enforce laws, regulations, or rules. Typically, the government refers to a civil government -- local, provincial, or national -- but commercial, academic, religious, or other formal organizations are also administered by governing bodies....
.

A minister of finance
Finance

The field of finance refers to the concepts of time, money and risk and how they are interrelated. Banks are the main facilitators of funding through the provision of credit, although private equity, mutual funds, hedge funds, and other organizations have become important....
 (also called financial affairs, the treasury, the economy, or economic affairs) has many different jobs in a government. He or she helps form the government budget
Government budget

A government budget is a legal document that is often passed by the legislature, and approved by the chief executive-or president. For example, only certain types of revenue may be imposed and collected....
, stimulate the economy
Fiscal policy

In economics, fiscal policy is the use of government spending and revenue collection to influence the economy.Fiscal policy can be contrasted with the other main type of economic policy, monetary policy, which attempts to stabilize the economy by controlling interest rates and the supply of money....
, and control finances. Finance ministers are often found in state or provincial governments if that country has a form of federalism
Federalism

Federalism is a political philosophy in which a group of members are bound together with a governing representative head. The term federalism is also used to describe a system of the government in which sovereignty is constitutionally divided between a central governing authority and constituent political units ....
.

The powers of a finance minister vary between governments. Sometimes the finance minister is the most powerful cabinet post, like in Canada
Canada

Canada is a country occupying most of northern North America, extending from the Atlantic Ocean in the east to the Pacific Ocean in the west and northward into the Arctic Ocean....
 or New Zealand
New Zealand

New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses , and numerous Islands of New Zealand, most notably Stewart Island/Rakiura and the Chatham Islands....
. Other times they are unpopular posts if they must raise tax
Tax

To tax is to impose a financial charge or other levy upon an individual or Legal person by a state or the functional equivalent of a state.Taxes are also imposed by many subnational entity....
es or cut spending
Government spending

Government spending or government expenditure is classified by economists into three main types. Government purchases of goods and services for current use are classed as National Income and Product Accounts#Accounting for National Product: The Right Side of the Report....
.

In the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
, the finance minister is called the Secretary of the Treasury, though there is a separate Treasurer of the United States
Treasurer of the United States

The Treasurer of the United States is the only position within the United States Department of the Treasury older than the Department itself. It should not be confused with the far more powerful United States Cabinet level position of Secretary of the Treasury....
, and it is the director of the Office of Management and Budget who drafts the budget. In the United Kingdom
United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom , the UK or Britain,is a sovereign state located off the northwestern coast of continental Europe....
, the finance minister is called the Chancellor of the Exchequer
Chancellor of the Exchequer

The Chancellor of the Exchequer is the title held by the British Cabinet of the United Kingdom Minister who is responsible for all economic and financial matters....
. In Hong Kong it is called the Financial Secretary
Financial Secretary (Hong Kong)

Financial Secretary , often abbreviated as FS, is a position of the Hong Kong Government. The FS assists the Chief Executive in supervising the policy bureaux as directed by the CE, mostly finance and economy-related, and plays a key role in ensuring harmonisation in policy formulation and implementation....
, though there is a Secretary for the Treasury
Secretary for Financial Services and the Treasury

The Secretary for Financial Services and the Treasury , head of Financial Services and the Treasury Bureau of the Hong Kong Government, is responsible for the monitoring of financial services sector and maintaining the assets of the government....
 subordinate to him. In Australia, the Treasurer
Treasurer

In many governments, a treasurer is the person responsible for running the treasury. Treasurers are also employed by organizations such as clubs to look after funds....
 is responsible for economic matters and is assisted by the Minister for Finance and Deregulation (formerly Finance and Administration) who heads a separate department.

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    The Ministry of Finance of Chile is the cabinet-level administrative office in charge of managing the financial affairs, fiscal policy and capital markets of Chile; planning, directing, coordinating, executing, controlling and informing all financial policies formulated by the President of Chile....
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    The Ministry of Finance of the People's Republic of China is the national executive agency of the Central People's Government which administers macroeconomic policies and the national annual Government budget....
    ; see also the Chairman of the National Development and Reform Commission
    National Development and Reform Commission

    The National Development and Reform Commission , formerly State Planning Commission and State Development Planning Commission, is a macroeconomics management agency under the State Council of the People's Republic of China, which has broad administrative and planning control over the Economy of the People's Republic of China....
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     (list
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    )
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    The current Minister of Finance is Vicente Bengoa...
     (list)
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    Minister of Finance (Egypt)

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    List of Finance Ministers of France

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    )
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    , Secretary for the Treasury
    Secretary for Financial Services and the Treasury

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     (under Financial Secretary)
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  • : List of Ministers of Economy and Finance
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     heading the "Federal Department of Finance" (with list)
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  • Northern Ireland
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See also

  • Public finance
    Public finance

    Public finance is a field of economics concerned with paying for collective or governmental activities, and with the administration and design of those activities....